Business Inventories Rise 1% in May

Business inventories rose 1% in May, the Commerce Department said Thursday.

The increase followed another 1% climb in April that was more than originally reported.

Sales decreased 0.1%, the first decline in nearly a year.

Inventories were projected to increase 0.9%, Bloomberg reported.



Factory inventories, which make up about two-fifths of the total, rose 0.8%, while wholesale inventories, which make up about 30%, gained 1.8%.

When sales are growing, it usually means trucking is seeing additional demand to deliver goods and restock shelves.

 

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